The misfortune that the real estate industry is currently facing is no longer new to everybody, thanks to the TV and the newspaper editorials. It's everybody's knowledge that real estate prices are on a downtrend adding to the people's fear of buying or selling real estate properties. But witty investors see this unparalleled decline in prices as the time to do a lot of bargain hunting to prepare for the real estate rebound.
During the last 85 years of the real estate history in the United States, the housing market prices have seen a steady increase except only during the Great Depression. But this downturn in real estate prices then only lasted for 2 years. This amazing record of the real estate industry is even unmatched by other forms of investments like valued metals, stocks, and bonds.
The world had witnessed many great events this past 85 years. We had two world wars; the Korean War, and the Viet Nam War. We had dozen recessions and a fair share of inflation and deflation. We had baby boomers and women liberation movement and we now have computers, Internet, and globalization. And yet many investors will not touch real estate.
I believed the reason is that people are looking for easy money or a short term gain. Obviously this will not happened in a down market unless you are wholesaling. This means using the technique of buying low and selling low.
But we are not train to look for the long term gain because we live in a microwave society; a society wherein things need to happen fast. We have forgotten that the buy-and-hold strategy have an extra incentive called depreciation and tax advantages.
People are also disheartened about the possibility of lack of tenants, vandalism, maintenance, negative cash flow, law suit, renovation, foreclosure and similar misfortunes. But unfortunately, an investment that is 100% hassle free is not yet invented by men. Luckily however, these challenges can be solved by competent people, even you can learn to solve them and become expert yourself.
If you agree with me, it's not difficult to see that real estate investing have the potential to bring you tremendous wealth. If you could just take a little time to learn the business, conquer challenges, and muster the courage to take the first step, everything is possible. Doctors didn't become one if they didn't undergo years of molding and incur debt along the way.
With real estate investing, it's possible for you to accumulate wealth while avoiding debt during the process. You can enter into this business with virtually no money; all you need is wits and the ability to choose the right people along the way.
Anyone who puts faith in real estate investing is not investing in something new and untried. You are entering into an investment opportunity that has a track record that speaks for itself. In fact, majority of the millionaires in this country got their first million through real estate. What's there to be afraid of but your inability to seize the opportunity when it's presented to you - everybody is welcome to join real estate investing!
During the last 85 years of the real estate history in the United States, the housing market prices have seen a steady increase except only during the Great Depression. But this downturn in real estate prices then only lasted for 2 years. This amazing record of the real estate industry is even unmatched by other forms of investments like valued metals, stocks, and bonds.
The world had witnessed many great events this past 85 years. We had two world wars; the Korean War, and the Viet Nam War. We had dozen recessions and a fair share of inflation and deflation. We had baby boomers and women liberation movement and we now have computers, Internet, and globalization. And yet many investors will not touch real estate.
I believed the reason is that people are looking for easy money or a short term gain. Obviously this will not happened in a down market unless you are wholesaling. This means using the technique of buying low and selling low.
But we are not train to look for the long term gain because we live in a microwave society; a society wherein things need to happen fast. We have forgotten that the buy-and-hold strategy have an extra incentive called depreciation and tax advantages.
People are also disheartened about the possibility of lack of tenants, vandalism, maintenance, negative cash flow, law suit, renovation, foreclosure and similar misfortunes. But unfortunately, an investment that is 100% hassle free is not yet invented by men. Luckily however, these challenges can be solved by competent people, even you can learn to solve them and become expert yourself.
If you agree with me, it's not difficult to see that real estate investing have the potential to bring you tremendous wealth. If you could just take a little time to learn the business, conquer challenges, and muster the courage to take the first step, everything is possible. Doctors didn't become one if they didn't undergo years of molding and incur debt along the way.
With real estate investing, it's possible for you to accumulate wealth while avoiding debt during the process. You can enter into this business with virtually no money; all you need is wits and the ability to choose the right people along the way.
Anyone who puts faith in real estate investing is not investing in something new and untried. You are entering into an investment opportunity that has a track record that speaks for itself. In fact, majority of the millionaires in this country got their first million through real estate. What's there to be afraid of but your inability to seize the opportunity when it's presented to you - everybody is welcome to join real estate investing!
About the Author:
About the author: Jacques Coquerel is a real estate investor in Atlanta, GA. He has made more than 750 real estate transactions since 1996. For Real Estate Investing Tips get his free course Real Estate Investing Free Course.
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